Enabling homebuilders to deliver for the State at scale

For the first time in modern history, more than half a million households in Ireland are living in rented accommodation and this number is steadily increasing. Of these 545,000 rental arrangements, more than 54 percent households are in receipt of some form of housing assistance support from the State, this number is also increasing. Clearly…

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64,000 new homes will need to be built in 2026

Yet, “industry expectations remain tilted towards contraction…” The increased use of – and reliance upon – property data over the past decade and a half was supposed to make things clearer. Better empirical information should, in theory, lead to better decision-making and to better outcomes. Yet, Ireland appears to be in the habit of routinely…

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Housing Rights and Responsibilities in Ireland

It is difficult to think of a more unusual time in the Irish property market, with even the head of a housing charity now calling for landlord tax breaks in Budget 2023. As seen since the summer, European interest rates are on a firm upwards trajectory for the foreseeable future, and a right to housing looks increasingly…

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Will the time ever be right for political bravery?

Usually September 1st marks the end of a quiet period on the housing front and the start of pre-Budget speculation, with hopeful interest-group campaigning. Not this year. Our rental market is in chaos. Promised student accommodation is not being delivered in time for the academic year; locals in County Kildare are now protesting the use…

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Property Expectations of Budget 2023

On Tuesday September 27th, Budget 2023 will be announced, which means we have officially entered the kite-flying season. While much is still unknown, we know that the overall package for next year will amount to €6.7 billion. Of that, just over €1 billion has been allocated for tax measures and almost €5.7 billion is for…

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Are Rent Caps Actually Fueling Ireland’s Rental Crisis?

“Landlords are not going to stay in the market if their costs are going up by multiples of what they are allowed to collect in rent…” It’s official, the latest Residential Property Price Index from the CSO shows that Ireland’s house prices have now returned to levels last seen at the peak of the Celtic…

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Plan urged to slow “disorderly exit” of private landlords

It has been a busy week for property market reporting in Ireland, with most media headlines stemming from the latest release of data by Daft.ie. While nothing in this report should surprise anyone involved in the rental market, the data makes for some stark reading.  Average rents have increased by 12.6 percent as the supply…

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What can we learn from emerging UK property trends?

Property might well stand in place, but capital knows no borders. We cannot ignore what is happening in real estate globally, and it would be foolhardy not to pay attention to property trends emerging in the UK right now. Prof. Colin Jones, Professor of Real Estate at Heriot-Watt University put together some interesting research for TheConversation.com earlier…

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Home building up, vacancy rates down

But we need to talk about the rental market Market update In the same week that Dublin recorded the single biggest home sale of 2022 (exceeding €12 million), residential price increases were recorded in every county across Ireland. The average property price for the country, excluding the capital, is now €267,351. Dublin remains the county…

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Vacant lands, remote working and the law of unintended consequences

As we enter pre-Budget 2023 submission period, Dublin Chamber has spoken out about the impact the ongoing accommodation crisis, coupled with the rise in remote working, is having on the capital. The body is calling for the Government to prioritise investment in urban infrastructure and to look at tax measures, including an increase in the…

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